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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 29
State Bancorp Inc. in Jericho, N.Y., reported first-quarter results that were modestly higher from a year earlier, at $3 million.
The $1.58 billion-asset company's results were up only slightly because its interest income fell $1.4 million. Compared with the first quarter of 2010, operating expenses were cut by $1 million and the loan-loss provision fell by $350,000.
Nonaccruing loans doubled, to $12 million, or 1% of total loans, mostly because of a $5 million lending relationship that involved a bankruptcy. State said the borrower has remained current on the loan.
Thomas O'Brien, State's president and chief executive, said in a press release Wednesday that State had dealt with a "substantial proportion" of its higher risks in the credit portfolio, but he remained cautious because of the "suspect pace" of the economic recovery.
